Sensient Technologies (NYSE:SXT) was downgraded by TheStreet from a “b-” rating to a “c+” rating in a report released on Thursday, TheStreetRatingsTable reports.
Other analysts have also recently issued research reports about the company. ValuEngine raised Sensient Technologies from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. Seaport Global Securities cut Sensient Technologies from a “buy” rating to a “neutral” rating in a research report on Monday, October 21st. Finally, Zacks Investment Research raised Sensient Technologies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 24th. Four equities research analysts have rated the stock with a hold rating, Sensient Technologies currently has a consensus rating of “Hold” and an average target price of $80.00.
Shares of SXT stock opened at $55.74 on Thursday. Sensient Technologies has a 1-year low of $55.11 and a 1-year high of $75.21. The stock’s fifty day moving average price is $63.07 and its 200 day moving average price is $64.56. The company has a debt-to-equity ratio of 0.69, a current ratio of 4.12 and a quick ratio of 1.68. The company has a market cap of $2.59 billion, a price-to-earnings ratio of 17.87 and a beta of 1.00.
Sensient Technologies (NYSE:SXT) last announced its earnings results on Friday, February 14th. The specialty chemicals company reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.01. Sensient Technologies had a return on equity of 14.98% and a net margin of 9.92%. The firm had revenue of $318.60 million for the quarter, compared to the consensus estimate of $307.51 million. During the same period in the previous year, the business earned $0.79 EPS. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. As a group, equities research analysts anticipate that Sensient Technologies will post 2.95 earnings per share for the current year.
Institutional investors and hedge funds have recently modified their holdings of the business. Chevy Chase Trust Holdings Inc. acquired a new position in shares of Sensient Technologies in the 4th quarter valued at about $41,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Sensient Technologies by 12.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,713 shares of the specialty chemicals company’s stock valued at $186,000 after buying an additional 293 shares during the period. Simplex Trading LLC acquired a new position in shares of Sensient Technologies in the 4th quarter valued at about $187,000. Point72 Asset Management L.P. lifted its holdings in shares of Sensient Technologies by 1,000.0% in the 3rd quarter. Point72 Asset Management L.P. now owns 3,300 shares of the specialty chemicals company’s stock valued at $227,000 after buying an additional 3,000 shares during the period. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Sensient Technologies in the 4th quarter valued at about $237,000. 93.68% of the stock is owned by institutional investors.
About Sensient Technologies
Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and fragrances in North America, Europe, the Asia Pacific, and internationally. It operates through three segments: Flavors & Fragrances Group, Color Group, and Asia Pacific Group.
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